1200 Un St, Monroe, MI 48161-4043
This exceptional commercial property, located at 1200 Union St, Monroe, MI 48161, presents a unique investment opportunity. The property encompasses a total of 3,500 square feet, distributed across two buildings on a half-acre lot. Built in 2020, the main building offers spacious and adaptable office space, perfect for a variety of business needs. The second building provides ample space for storage, distribution, light industrial manufacturing, or other uses. The property's permitted zoning is Commercial/Light Industrial, allowing for diverse operational possibilities. Previously used as a tow yard, the property's versatile design lends itself to numerous applications, including but not limited to: light industrial operations, manufacturing, auto repair, distribution, storage, and general office space. The property's location within the city limits of Monroe offers convenient access to transportation and essential amenities. The asking price for this ready-to-customize property is $350,000. Showings are available starting September 15th, 2024. This is a chance to acquire a prime commercial location with significant potential for growth and return on investment. The property is currently vacant, allowing for immediate occupancy and customization to suit your specific business requirements.
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A1 Recovery & Towing Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.